FLC 0.83% 59.5¢ fluence corporation limited

The contracts equates to approx $US219m. This is more than...

  1. 224 Posts.
    lightbulb Created with Sketch. 67
    The contracts equates to approx $US219m. This is more than double what the contract was said to be valued at on signing of the MOU in September 2017. Assuming the contract was significantly scaled up, it may explain the long delay in the final announcement. From start to date was around 2 years, highlighting the long lead times raised by participants on this forum.

    The announcement came during Australian trading so tomorrow may reflect the US view on the announcement.

    Buy thesis remains in tact. Committed long term major shareholder, product development, growing market, regional and industry diversification, growing recurring earnings. The thematic is positive. From a qualitative viewpoint the stock has been interesting for a good while. This contract should allow small cap quantitative analysts to get to work on Fluence.

    "Potential opportunities" should come from California post the trials and given the need for that state to spend on water. 
 
watchlist Created with Sketch. Add FLC (ASX) to my watchlist
(20min delay)
Last
59.5¢
Change
-0.005(0.83%)
Mkt cap ! $319.7M
Open High Low Value Volume
58.5¢ 59.5¢ 58.0¢ $563.9K 959.7K

Buyers (Bids)

No. Vol. Price($)
1 9500 59.5¢
 

Sellers (Offers)

Price($) Vol. No.
60.0¢ 45000 1
View Market Depth
Last update - 16.10pm 17/07/2019 (20 minute delay) ?
(live)
Last
59.0¢
  Change
-0.005 ( 1.01 %)
Open High Low Volume
58.5¢ 59.5¢ 58.0¢ 261193
Last updated 15.42pm 17/07/2019 (live) ?
FLC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.